Cosmetic Pigments Market generated a revenue of USD 630 million in 2021 and is forecast to grow at a CAGR of 8.1% over the forecast period, attaining a value of USD 1,175 million in 2029.
The factors driving the growth of Cosmetic Pigments Market includes growing popularity of cosmetic and personal care products around the world, increasing demand for high-performance and specialty pigments, rising focus on manufacturing environment friendly and sustainable products and improvements in the living standards. Moreover, development of skin-friendly and efficient products, rising adoption of advanced technologies by manufacturers, growing application of cosmetic pigments in foundations, blushers, and powders, increase in the launch of innovative products and rapid urbanization, are some of the additional factors supplementing the market growth. In addition, the increasing investments by major companies on research and development and growing disposable incomes and increasing population growth rates, are further contributing towards the market growth.
However, growth of the Cosmetic Pigments Market is hindered due to strict regulations regarding the use of certain pigments.
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The leading players operating in the market are Geotech International BV, Sudarshan Chemical Industries Limited, Kobo Products Inc., BASF SE, Sun Chemical Corporation, Sensient Cosmetic Technologies, Merck KGaA, Clariant, Huntsman International LLC and LANXESS, among others.
Based on Composition, the Inorganic segment is predicted to dominate the market during the forecast period
Inorganic pigments are comparatively less intense in colors than organic pigments along with growing demand for titanium dioxide in cosmetic pigments, are some of the factors responsible for the segment’s growth.
Based on Application, the Facial Makeup emerged as the fastest growing segment over the forecast period
As per the Cosmetic Pigments Market Global Forecast, growing demand for facial makeup products such as foundations and face powders, is propelling growth of the segment.
Based on Region, the Asia-Pacific region is anticipated to hold the highest market share during the forecast period
Growing demand for high-quality cosmetic and personal care products across Japan, India, and South Korea, changing lifestyle, rapid urbanization, increasing per capita incomes and high population growth rates, are some of the important factors augmenting the market growth in Asia-Pacific region.
Market Segmentation
Segmentation By Type
- Special Effect
- Surface Treated
- Nano
Segmentation By Composition
Segmentation By Application
- Facial Makeup
- Lip Products
- Eye Makeup
- Nail Products
- Hair Color Products
- Others
Segmentation by Region
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- North America
- United States of America
- Canada
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
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